Rocket Equities & Options BBY Update 08-25-20
BBY Trades Lower on Earnings this morning
BBY is trading lower this morning on their earnings.
Q2 same-store sales up 5.8%. The estimate was 2.3%.
Q2 Revenue $9.910 bln vs. $9..730 estimate
Q2 Adjusted EPS $1.71 vs. $1.04 estimate
BBY approves quatlery cash dividend of $0.55/share.
And here's the part the market does not like:
3Q sales likely won't continue at currernt quarter to date levels of about 20% growth.
BBY is not providing guidence due to uncertainty over pandemic.
We will let BBY open this morning and may close out this trade today. Stay tuned for updates!
Q2 same-store sales up 5.8%. The estimate was 2.3%.
Q2 Revenue $9.910 bln vs. $9..730 estimate
Q2 Adjusted EPS $1.71 vs. $1.04 estimate
BBY approves quatlery cash dividend of $0.55/share.
And here's the part the market does not like:
3Q sales likely won't continue at currernt quarter to date levels of about 20% growth.
BBY is not providing guidence due to uncertainty over pandemic.
We will let BBY open this morning and may close out this trade today. Stay tuned for updates!
Disclaimer: Trading in securities such as stocks, options, indexes, currencies, and futures involve risk and should not be undertaken without due diligence and serious independent study. Options, stocks, currencies and futures trading, involve substantial risk. Subscribers may carry out their trading based on what they learn from “Rocket Equities & Options” however all risks of potential financial losses are the customer’s responsibility. TFNN, Corp. will be in no way liable for financial losses resulting from trading decisions based on this newsletter. Past performance is no guarantee of future results. Reproduction in whole, or in part, is not permitted without prior written consent. Copyright 2020 all rights reserved.